Following are details from the company's nine-month financial report (in million of levs):
Jan-Sept'09 | Jan-Sept'08 | |
NET LOSS | 0.523 | 2.255 |
OPERATING LOSS | 0.339 | 2.252 |
GROSS WRITTEN PREMIUMS | 52.971 | 57.507 |
NET PREMIUMS | 50.091 | 52.259 |
NET REVENUE | 57.301 | 53.834 |
Last year, Euroins turned to a net loss of 13.4 million levs from a net profit of 5.4 million levs in 2007 due to a considerable rise in reserves set aside to meet payments on third-party motor insurance policies.
In April, the company said it expected a 6.9% rise in premium income to 88 million levs this year.
(1 euro = 1.95583 Bulgarian levs)